Question # 3 b and C

[Helene Lapierre]

This is what I have for 3 b and c

I followed the example in module 6 self test question 2 -  I think.

Helene ( Lenny )

 

 

 

3b	Parent company Extension theory
Goodwill impairment loss				20,000
Less:	NCI 25%			5,000
Goodwill impairment loss under the parent				15,000
extension theory
NCI -I/S				80,000
Add: NCI's share of goodwill impairment (25%)				5,000
NCI on the income statement under parent				85,000
company extension theory (PET)
3c.
Goodwill on the balance sheet under the PET
Goodwill  Balance December 31st, Yr6				270,000
Less: NCI share  @		25%		67,500
Goodwill under PET				202,500
NCI on the balance sheet under the entity theory				755,000
Less: NCI share  @		0.25		67,500
NCI On the balance sheet under the (PET)				687,500

[Ruby Lal]

i  have the same except my  part c part 2 is 770,000 vs the $755,000 how did you get 755,000?

NCI on the balance sheet under the entity theory

755,000